Martin Wolf on the Crisis of Democratic Capitalism
The Good Fight
The Future of Populism
There are two ways of accounting for the roots of populism, he says. One puts its emphasis on a more recent crisis that came to a boil in 2008. The other emphasizes long-term and structural changes such as industrial decline. What do you think is the right description of what the likely future of democratic capitalism is? I don't know, but as it's always true about the future, which mostly is surprising, for most people is surprising.
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